Butane Almost Same Price as Propane, Less than 5 c/gal Difference

There is typically a 10-20 c/gal difference between the price of Mont Belvieu normal butane and propane, but most years at the end of the winter season that difference gets tight. This year the March differential has dropped to the lowest level since January 1, 2023, hitting 4.9 c/gal on Friday,

Permian-to-Corpus Crude Oil Flows Held Near Record High in October

Permian-to-Corpus crude oil flows fell by just 9 Mb/d to 2.45 MMb/d in October, nearly matching September’s record (see blue line in the graph below), according to data from the Texas Railroad Commission.

US Rig Count Posts Gain Of One In Another Uneventful Week

In another uneventful week for US oil and gas rig count, total rigs climbed to 593 for the week ending March 21 according to Baker Hughes data. Rigs were added in the Anadarko (+2) and All Other (+1), while the Permian (-1) and Bakken (-1) both posted weekly declines.

Canadian Drilling – Oil Rig Counts Sink Further as Spring Break Up Takes Full Hold

For the week ending March 21, Baker Hughes reported that the Western Canadian gas-directed rig count rose one to 61 (blue line and text in left hand chart below), 17 less than one year ago and little changed in the past three weeks.

DOE Releases $57MM in Funding for Palisades Nuclear Plant Restart

The planned restart of the Palisades Nuclear Plant in Michigan (see map below) took another step forward this week when the Department of Energy (DOE) announced that it had disbursed $57 million of a $1.52 billion loan guarantee to help Holtec International finance the restoration and resumption

Canada’s Cedar LNG: ARC Resources Announces LNG Sales Agreement with ExxonMobil

On March 11, ARC Resources, one of the largest natural gas producers in Western Canada, announced that it had entered into a long-term sales and purchase agreement (SPA) with ExxonMobil LNG Asia Pacific, an affiliate of ExxonMobil, for the supply of 1.5 MMtpa (million tonnes per annum) of LNG fro

Canadian LPG Stocks – February’s Cold Blast Drains Propane Inventories; West Butane Looking Tight

Western Canada’s propane inventories at the end of February (red circle in left hand chart below) were posted at 1.8 MMbbl, with a larger than average decline of 1.4 MMbbl versus January and stand 1.1 MMbbl (-38%) below the five-year average (blue line) according to data from the Canada Energy Re

Caliche Wraps Up Open Season While Eyeing Potential New Natural Gas Pipeline Connections

This Friday marks the conclusion of Caliche Development Partners III’s non-binding open-season for up to 30.75 Bcf of firm natural gas storage at their FERC regulated Golden Triangle Storage (GTS) facility in Beaumont, Texas (pictured below). Caliche - an acquisition and development company speci

Canadian Crude Oil Imports Plummet to 2-Year Low

Total U.S. crude oil imports continue to decline, driven by a sharp drop in supplies from Canada. Canadian imports fell by 540 Mb/d to 3.13 MMb/d, the lowest volume recorded since the week ending August 26, 2022.

LNG Canada’s First Cool Down Cargo to Arrive from Australia

What is to be LNG Canada’s first and only imported cool down cargo of LNG is expected to arrive at the liquefaction site in Kitimat, BC on or about March 31.

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